Empirasign Blog: Recent Posts

Recent Blog Posts

Resi Abs Added To Most Actives Page

Feb. 10, 2011

Actually, we just split ABS into two sub-sectors (Resi and Consumer) for our Most Actives report. Previously, due to the number of issuers and less complicated deal structures, the ABS most active table had been dominated by Consumer ABS. With the split, you can now see what Resi deals are most actively changing hands. As of right now, that honor goes to GSAMP 2006-NC1 A2.
For the entire report, please visit this link: http://www.empirasign.commost_active

2010 Mortgage Market Visualization

Jan. 7, 2011

We put together this animation of closing prices for the 30Y TBA Prices–the most liquid part of the largest debt market in the word. Y axis price, X axis is coupon. Prepay risk increases as you move right, duration risk increases as you move left. In general, prices on the left side of the chart are more volatile than those on the right, thus duration risk trumps pre-pay risk. Another take-away is that after the Fed announced Quantitative Easing 2 (QE2) in mid-fall, the market sells off strongly. It seems the market had front-ran the Fed.

New Feature: Instant Search

Dec. 21, 2010

Now you can quickly search for any ticker or cusip in our database right from the Home Page. The search box appears in the top right corner of the screen (detail above). Enter any cusip or ticker into search box (circled area above). Possible results populate below as you type (red arrow).

New Portfolio Function Added

Dec. 16, 2010

Now it’s even easier to keep track of the bonds you care about. Click on the navigation bar’s My Portfolio tab and copy in some cusips. The number of trades on record and last trade date appear with links to recent list activity. All columns are sortable by clicking on the header.

Empirasign Statistics Cited By Bloomberg News

Brokers last month conducted open auctions for almost $14 billion of home-loan bonds lacking guarantees from government- supported Fannie Mae and Freddie Mae or federal agency Ginnie Mae, according to Empirasign Strategies LLC. Since the start of July, the amount of securities offered through the process has totaled $75 billion, with at least $11.5 billion failing to be sold, according to the New York-based data provider.